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Released November 08, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
EARNINGS REPORTS
Hot Texas Summer Boosts NRG's Profits - Extreme temperatures in Texas that resulted in record-high prices for electricity in the late summer boosted financial results for NRG Energy NYSE:NRG), the largest electricity seller in Texas. The power company reported a net income of $372 million in the third quarter on revenues of nearly $3 billion, a marked recovery from the same quarter last year, when the company reported a loss of $72 million. (Houston Chronicle)
REFINING
Virgin Islands' St. Croix Refinery Set to Begin Fuel Deliveries Early Next Year - A $1.6 billion plan to refurbish the St. Croix oil refinery in the U.S. Virgin Islands is about 75% complete and could begin delivering fuel supplies early next year, company and government officials said this week. Once restarted, the plant will be able to process up to 210,000 barrels per day of oil. (Project 300410217) (Reuters)
CRUDE OIL
Oil Rises on China-U.S. Trade Deal Hopes - Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel. Brent crude rose 90 cents to $62.64 a barrel by 12:54 p.m. EST. West Texas Intermediate crude climbed $1.38 to $57.73. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
EARNINGS REPORTS
Hot Texas Summer Boosts NRG's Profits - Extreme temperatures in Texas that resulted in record-high prices for electricity in the late summer boosted financial results for NRG Energy NYSE:NRG), the largest electricity seller in Texas. The power company reported a net income of $372 million in the third quarter on revenues of nearly $3 billion, a marked recovery from the same quarter last year, when the company reported a loss of $72 million. (Houston Chronicle)
REFINING
Virgin Islands' St. Croix Refinery Set to Begin Fuel Deliveries Early Next Year - A $1.6 billion plan to refurbish the St. Croix oil refinery in the U.S. Virgin Islands is about 75% complete and could begin delivering fuel supplies early next year, company and government officials said this week. Once restarted, the plant will be able to process up to 210,000 barrels per day of oil. (Project 300410217) (Reuters)
CRUDE OIL
Oil Rises on China-U.S. Trade Deal Hopes - Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel. Brent crude rose 90 cents to $62.64 a barrel by 12:54 p.m. EST. West Texas Intermediate crude climbed $1.38 to $57.73. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
